The festive season has begun on a positive note. Larsen & Toubro (L&T) was not only named the ‘Largest & Most Profitable Construction Company’, its SPV, L&T Metro Rail’s Managing Director KVB Reddy was also named ‘Construction World Person of the Year (Private Sector)’ at the 18th Construction World Annual Awards, and it emerged the lowest bidder at Rs 249.85 billion for the design and construction of 237-km length of viaduct for the 508-km Mumbai-Ahmedabad bullet train project
In a major development in the Zojila Pass Tunnel project in Jammu Kashmir - Ladakh, Megha Engineering and Infrastructure (MEIL) emerged as the lowest bidder by quoting Rs 45.099 million. The other two bidders in the running were Larsen & Toubro (L&T) and Ircon International JV. The contract was awarded to MEIL thus giving impetus to the long-stalled project in the right direction. National highways and Industrial Development Corporation (NHIDCL) had opened the bids on 14 August 2020.
Placebo Fabtech, Hyderabad’s RDSO approved large scale industrial heavy structural steel fabricator with a monthly capacity of heavy fabrication of up to 1200 metric tonnes bagged the biggest open web girder manufacturing order worth Rs.151 million from India’s largest construction & EPC company: L&T.